--The Jobs through Growth Act will make the tax code simpler, flatter and fairer. Modeled on the RSC’s Taxpayer Choice Act of 2007, the legislation gives taxpayers the choice of staying with the current tax code or switching to an income tax with the lowest rates in 80 years. The new optional tax system would have two tax rates of 15 percent and 25 percent.

--We encourage the bill sponsors to take this dramatic improvement over our current tax code further and call for a one-rate flat tax. It would also cut the top corporate tax rate from 35 percent to 25 percent to prevent jobs from moving overseas. The Jobs through Growth Act provides relief to small businesses by eliminating the death tax, the alternative minimum tax and the capital gains tax on inflation. 

--This real jobs bill would also remove the red tape that ensnares job creators. It would call for a timeout on all new regulations that create significant economic costs until unemployment falls below 7.7 or less. The Obama administration’s proposed 144 major harmful regulations should never be implemented and a regulation moratorium will at least temporarily put the brakes on them.

--The Jobs through Growth Act would require congressional approval on all regulations which are projected to have an annual economic impact of $100 million or more. It would allow small businesses to opt out of federal regulations imposed since the end of 2007 and would require federal agencies to give greater consideration to proposed regulation’s impact by publishing a regulatory flexibility analysis. 

--The Jobs through Growth Act would help foster an environment in which the private sector can grow, invest and create jobs in America. It would help boost American energy production by removing barriers to approving the Keystone Energy Pipeline and give a one-year extension to Outer Continental Shelf leases that were delayed by the Obama administration. This would immediately create thousands of jobs and lower the price of gasoline.